XAU ! 11/13 ! SCALPING recovery , CPI news

Updated
XAU / USD trend forecast November 13, 2024! SCALPING

Gold price (XAU/USD) finds support on Wednesday, pausing its three-day decline to hit a recent low near $2,590, recorded the day before. A weaker performance in equity markets has helped boost the safe-haven asset during the European session. However, significant gains remain limited due to the continued strength of the US Dollar (USD).

Gold price moves in sideway trend M15, price range 2600-2610, waiting for break and recovery to increase price

/// BUY XAU : zone 2604-2601

SL: 2598

TP: 40 - 80 - 150 pips (2616)



Safe and profitable trading
Trade active
Gold price briefly recovered to 2618 - sellers still have great pressure and cannot reach 2625. Still waiting for a recovery
Trade closed: target reached
Gold price decreased following the year-end trend - returning to zone 2576. Will continue to decrease in the near future
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